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Mexico upstream summary

Report summary

Mexico has been producing oil since the early 1900's, starting with the discovery of the Ebano field in the Tampico-Misantla basin. By 1921, production reached a peak of 529,000 b/d and Mexico accounted for approximately 25% of world oil supply. While private and international oil companies carried out all production into the 1930's, their assets were nationalised in 1938 after an intense labour dispute. The state-owned oil company, Petróleos Mexicanos (Pemex), was ...

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